Obama-GOP Tax Deal Redistributes Wealth to Caribbean Rum Makers

Friday, December 10, 2010
By Matt Cover

(CNSNews.com) – A provision tucked into the tax-rate and unemployment-benefit extension bill that President Barack Obama has negotiated with Republican leaders in Congress extends a program that redistributes wealth to rum makers in Puerto Rico and the U.S. Virgin Islands.

The provision appears in Section 755 of the bill, which can be found on the 68th page of the 74-page bill. http://democrats.senate.gov/pdfs/MAT10785.pdf

The provision extends so-called “cover-overâ€